Ascent Platform Corporation, the leader in financial portability solutions for banks and credit unions, announced today that it has successfully raised $5.3 million in venture funding. The round was led by Foundation Capital, TruStage Ventures Discovery Fund, Alloy Labs, Reseda Group, and other investors.
As open banking takes hold in the US, community banks and credit unions will need new tools to compete and win. Ascent is the first platform that enables financial institutions and their customers to securely and bidirectionally share internal and external financial information, on a permissioned basis. The platform positions banks and credit unions to act as trusted partners in helping consumers and small businesses navigate the financial marketplace by giving them control over when and how they share information
The platform positions banks and credit unions to act as trusted partners in helping consumers and small businesses navigate the financial marketplace by giving them control over when and how they share information
As open banking takes hold in the US, community banks and credit unions will need new tools to compete and win. Ascent is the first platform that enables financial institutions and their customers to securely and bidirectionally share internal and external financial information, on a permissioned basis. The platform positions banks and credit unions to act as trusted partners in helping consumers and small businesses navigate the financial marketplace by giving them control over when and how they share information
The platform positions banks and credit unions to act as trusted partners in helping consumers and small businesses navigate the financial marketplace by giving them control over when and how they share information
Ascent is positioned to capitalize on increased data accessibility to manage and control workflows across institutions

Source prnewswire